Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. Japan exports slump on weak China demand, heaping pressure on economy >
  5. Japan exports slump on weak China demand, heaping pressure on economy

Online Export Import Data Search

Complete Training Video : Click Here

Japan exports slump on weak China demand, heaping pressure on economy.


Date: 17-04-2019
Subject: Japan exports slump on weak China demand, heaping pressure on economy
Japan's exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand is likely to have knocked first quarter economic growth.

Ministry of Finance data out on Wednesday showed exports fell 2.4 percent in March from a year earlier, compared with a 2.7 percent drop predicted by economists in a Reuters poll, and followed a 1.2 percent decline in February.

The data reinforces worries that weak external demand may hurt company profits and in turn curb business expenditures, workers' wages and consumer spending in a broad hit to growth.

Some analysts expect Japan's economy likely swung back to a mild contraction in the first quarter as declines in exports and capital expenditure dented private consumption. That would pile pressure on Prime Minister Shinzo Abe to once again delay a planned sales tax hike in October needed to fix the world's heaviest public debt burden at twice the size of its economy.

The economy grew at an annualised rate of 1.9 percent in the fourth quarter driven by business and consumer spending.

Bank of Japan Governor Haruhiko Kuroda last week stuck to his optimism that Japan's export-dependent economy will soon climb out of its doldrums as global growth recovers.

Kuroda, however, did warn of lingering risks to the global outlook, including the outcome of U.S.-China trade talks and Britain's potentially messy departure from the European Union.

Markets expect the BOJ to stand pat at a rate review next week, though some investors say the recent batch of soft indicators may pile pressure on policymakers to add to the central bank's already massive stimulus later in the year.

Wednesday's data came on the heels of this week's bilateral trade talks between Tokyo and Washington.

U.S. President Donald Trump has prodded Japanese automakers to boost more jobs in the United States as the White House has threatened to impose tariffs of up to 25 percent on imported vehicles, on the grounds of national security.

Imports of Japanese cars make up about two-thirds of Japan's $69 billion annual trade surplus with the United States.

U.S.-bound exports rose 4.4 percent in the year to March, driven by car shipments, which grew 5.1 percent. Imports from the United States declined 0.2 percent, resulting in Japan's trade surplus with the country rising 9.8 percent year-on-year to 683.6 billion yen.

Exports to China, Japan's biggest trading partner, fell 9.4 percent year-on-year in March, reversing from a 5.6 percent gain in February.

Asia-bound shipments, which account for more than half of overall exports, fell 5.5 percent, down for a fifth straight month.

Japan's overall imports rose 1.1 percent in the year to March, undershooting the median estimate for a 2.6 percent annual increase, resulting in a trade surplus of 528.5 billion yen.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-05-2019
Notification No.37/2019 - Customs (N.T.)
Exchange Rates Notification No.37/2019-Custom(NT) dated 16.05.2019

Date: 15-05-2019
Notification No. 36/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 15-05-2019
Trade Notice No. 14/2015-2020
Three months time window for applying for MEIS for shipping bills with HS Codes which were harmonized and notified under MEIS Appendix 3B, Table 2 after a delay

Date: 15-05-2019
Policy Circular No. 23/2015-20
Non-requirement of submission of Hard copy of application at RAs for issue of Advance Authorisation (AA) & EPCG Authorisation

Date: 15-05-2019
ECA Circular No. 24
Administrative Review of Adjudication Orders passed by subordinate officers - regarding.

Date: 14-05-2019
TRADE NOTICE NO. 13/2019-20
Imports of Maize (feed grade) under the TRQ Scheme for 2019-20.

Date: 14-05-2019
Notification No. 15/2019-Customs
Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019.

Date: 13-05-2019
TRADE NOTICE NO. 12/2019-20
Discontinuing submission of physical copy of RCMCs with effect from 1.7.2019 while filling application for incentives/entitlements under FTP

Date: 13-05-2019
Notification No. 20/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI-reg.

Date: 13-05-2019
Notification No. 21/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI-reg.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001